Yes but it doesn’t mean Earth suddenly does a backflip in place in its orbit. Axial tilt and indeed the rotational axis remain unchanged when the magnetic poles flip

The micronova conspiracy people claim that the non-magnetic poles suddenly and abruptly change, as in, the earth suddenly lurches to its side and the new non-magnetic North Pole is in the middle of the Sahara for example (that would be an insane degree of axial tilt lol)